The Ratio of a Country's Average Export Price to Its

question 40

Multiple Choice

The ratio of a country's average export price to its average import price is

• A)its absolute advantage.
• B)its comparative advantage.
• C)its terms of trade.
• D)its exchange rate.

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Definitions:

Indian Removal Act

A law passed in 1830 that authorized the forced relocation of Native American tribes from their ancestral lands in the southeastern United States to areas west of the Mississippi River.

Georgia

A state in the southeastern United States known for its diverse geography, ranging from mountains to beaches, and its rich history, including its role as a Confederate state during the Civil War and as a center of the civil rights movement.

Cherokee

A Native American people originally from the southeastern United States, known for their rich culture and history.

Supreme Court's Decision

The final ruling or judgment made by the Supreme Court, which has the ultimate judicial authority to interpret and apply the law in federal cases.